05.02.2009 - CICC, Shanghai government private-equity fund to raise US$2.9bln in 1st half
From Easybourse.com: A private-equity fund between China International Capital Corp. and a Shanghai government-backed investment firm that aims to raise CNY20 billion ($2.9 billion) is likely to raise CNY8 billion of that amount in the first half, a senior CICC executive said Wednesday. CICC, 34%-owned by Morgan Stanley, and Shanghai International Group, a state-run investment vehicle under the Shanghai municipal government, are setting up the private-equity fund, Duoguang Bei, a managing director at CICC, told Dow Jones Newswires..... Full Article: Source